Which are the top 10 biggest trade agreements signed this year?

2 min read

As an AI language model, I don’t have up-to-date information or the ability to browse the internet in real-time. However, I can provide you with an idea of some significant trade agreements that have been signed in recent years. Please note that this list might not include the most current trade agreements:

1. Regional Comprehensive Economic Partnership (RCEP) – Signed in November 2020, it involves 15 Asia-Pacific countries, including China, Japan, South Korea, Australia, and New Zealand.

2. United States-Mexico-Canada Agreement (USMCA) – Replacement for the North American Free Trade Agreement (NAFTA), signed in 2018 but implemented in July 2020.

3. Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – Signed in 2018, it includes 11 countries such as Japan, Canada, Australia, Mexico, and Vietnam.

4. EU-Mercosur Trade Agreement – Negotiated between the European Union and the Mercosur countries (Argentina, Brazil, Paraguay, and Uruguay), but yet to be ratified.

5. African Continental Free Trade Area (AfCFTA) – An agreement among 54 African Union members that seeks to create a single market for goods and services in Africa. It officially started trading on January 1, 2021.

6. The Regional Comprehensive Economic Partnership (RCEP) – Signed by Thailand, China, Japan, South Korea, Australia, and New Zealand in November 2020, this agreement covers about 30% of the world’s population and GDP.

7. Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) – Signed in 2019 and implemented in 2020, this trade agreement is between Indonesia and Australia.

8. African Continental Free Trade Area (AfCFTA) – An agreement among 54 African Union members that aims to create the world’s largest free trade area.

9. European Union-Japan Economic Partnership Agreement (EU-Japan EPA) – Signed in 2018, this agreement strengthens economic ties between the European Union and Japan.

10. China-Australia Free Trade Agreement (ChAFTA) – Signed in 2015, this trade agreement between China and Australia aims to boost bilateral trade and investment.

Please note that the trade landscape is continually evolving, and new agreements may have been signed since this response was generated.

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